Government News and Updates

Mims Davies office have sent the following Government updates, please read the full details below.

Important information for employers

Dear customer,
Finishing the 2022 to 2023 tax year and starting the 2023 to 2024 tax year 
HMRC has published important information for employers on GOV‌‌‌.UK, which includes:
help with finishing the old tax year 2022 to 2023
starting the new tax year 2023 to 2024, by using our form P9X (2023) Tax codes to use from 6 ‌‌‌April 2023
information on the rates, limits and changes for 2023 to 2024
the Employer Bulletin: February 2023 edition, which contains information about sending in your final submissions for the year

Agent Update: issue 106 is available now

Get the latest guidance and information, including:
‌‌‌Taxpayers given more time for voluntary National Insurance contributions
The government has extended the voluntary National Insurance deadline to 31‌‌‌ July 2023. The article has more information.
Reporting expenses and benefits for the tax year ending 5‌‌‌ April‌‌‌ 2023
This article highlights the issues encountered when submitting these returns and provides details on the process to follow in different scenarios. There is also guidance on what to do if you make a mistake and need to submit an amendment.
Update on employer Direct Debits and Time to Pay arrangements
HMRC has published an update for employers on the process to follow in setting up Direct Debits and Time to Pay arrangements for their clients. This will help to ensure that these arrangements are set up within the appropriate time scale.
Update to digital handshake consent for VAT
HMRC has introduced fairer and more proportionate penalties for late payment and late submission of VAT, and we’ve updated the digital handshake consent for agents to reflect this.
Tax avoidance – accelerated payment notices and late payment penalties
Some customers who have used tax avoidance schemes have received accelerated payment notices (APNs) and associated late payment penalties (LPPs). More information is available on the interaction between APNs, LPPs and settlement, which is complex.